Inova Resources Limited
TSX : IVA
ASX : IVA

Inova Resources Limited

October 31, 2013 23:19 ET

IVA-Takeover Offer Now Unconditional

Shanxi Donghui declares Offer free from all conditions

Major shareholder accepts for all its Shares

Shanxi Donghui has received 59.7% acceptances

Inova Shareholders now recommended to Accept the Offer

MELBOURNE, AUSTRALIA--(Marketwired - Oct. 31, 2013) - Inova Resources Limited (ASX:IVA)(TSX:IVA) (Inova or the Company) has received notice from Shanxi Donghui Coal Coking & Chemicals Group Co., Ltd (Shanxi Donghui) that it has received acceptances for 59.7% of the Shares under its takeover offer for all the shares in the Company at a price of A$0.22 per share (the Offer), and has declared the Offer free from all conditions.

The Company's 56.1% majority shareholder, Turquoise Hill Resources Limited (Turquoise Hill), has advised the Company that it has accepted the Offer for all of the shares that it controls.

As detailed in the Target's Statement that was despatched on 27 September 2013, as the Offer is now unconditional and Turquoise Hill has accepted the Offer for all of its Shares, your Recommending Directors now recommend that you Accept the Offer as soon as possible.

The Offer will remain open until 7pm, Melbourne time on 14 November 2013, unless further extended by Shanxi Donghui.

If required, shareholders are encouraged to seek financial and legal advice. For further information, shareholders are encouraged to contact the Inova Shareholder Information Line on 1300 551 547 (within Australia) and +61 1300 551 547 (outside of Australia). The line is available Monday to Friday between 8.30am and 5.30pm (AEST).

This information is available on our website: www.InovaResources.com

ABN 20 107 689 878

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